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  1. Federal government extending Canada Emergency Commercial Rent Assistance (CECRA) rent for one month

    Commercial rent relief extended one month Emma Crawford HempelWestern Investor The federal government is extending the Canada Emergency Commercial Rent Assistance program for small businesses by one month.   The federal government announced September 8 that it is extending the Canada Emergency Commercial Rent Assistance (CECRA) program for small businesses by one month. Deputy Prime […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2020
    Real Estate Related

  2. Arrears might go high as 0.53% in Q2 2021 if mortgage payment deferral aren?t extended- analyst

    Arrears rate might double without deferral extension ? analysts Ephraim VecinaMortgage Broker News Canada’s arrears rate might double to a level higher than that seen during the Great Financial Crisis if mortgage payment deferrals aren’t extended, according to veteran markets observers Murtaza Haider and Stephen Moranis. With the recent restarts, sustained support from the government […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2020
    Real Estate Related

  3. Covid-19 heading Canada to a recession, painting worst case scenario- wealth manager

    Current recession exceeds BoC’s worst-case scenario ? wealth manager Ephraim VecinaMortgage Broker News This year, Canada has entered a recession that is at least as bad as the worst-case scenario predicted by the central bank last year, according to wealth manager Hilliard MacBeth. In a recently released client note, MacBeth said that by every measure, […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2020
    Real Estate Related

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